Which of the following is not one of the criteria for a commodity to be a suitable medium of exchange?
A) It should be durable.
B) It should have a standardised quantity.
C) It should be valuable.
D) It should be a precious metal.

Question

Quizplus · Accepted Answer

While precious metals have traditionally been used as a medium of exchange, they are not essential criteria for a commodity to be a suitable medium of exchange. Other valuable goods such as salt, shells, and cigarettes have also served as mediums of exchange in different cultures and times.

Which of the Following Is Not One of the Criteria